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Oncolytics Biotech® Reports Highlights and Financial Results for Q4 and Year-End 2024
Prnewswire· 2025-03-07 12:00
Core Insights - Oncolytics Biotech Inc. reported strong efficacy signals for its lead candidate, pelareorep, in treating HR+/HER2- metastatic breast cancer, pancreatic cancer, and anal cancer, indicating potential for redefining treatment landscapes in these high-need areas [1][2][16] - The company has a cash position of $15.9 million, providing a runway through critical milestones into the third quarter of 2025 [1][11] - Management is focused on advancing pelareorep towards registration-enabling studies, with significant data supporting its efficacy in multiple cancer types [2][4][6] Clinical Development - The BRACELET-1 trial demonstrated robust improvements in progression-free survival (PFS) and overall survival (OS) for patients receiving pelareorep combined with paclitaxel compared to paclitaxel alone [4][6] - The GOBLET study showed a 33% objective response rate in anal cancer patients treated with pelareorep and atezolizumab, including a complete response lasting over 15 months [5][15] - Ongoing combination studies in pancreatic cancer have cleared safety milestones, allowing for continued enrollment in the GOBLET study [5][15] Financial Performance - For Q4 2024, the company reported a net loss of $8.0 million, compared to a net loss of $3.9 million in Q4 2023, with a basic and diluted loss per share of $0.10 [11][14] - Research and development expenses for Q4 2024 were $4.6 million, slightly down from $4.7 million in Q4 2023, primarily due to lower personnel-related expenses [11][14] - The total assets as of December 31, 2024, were $20.2 million, down from $38.8 million in 2023, reflecting the company's ongoing investment in clinical trials [12][14] Anticipated Milestones - In H1 2025, the company plans to finalize the protocol for an adaptive registration-enabling trial for pelareorep in first-line pancreatic ductal adenocarcinoma and submit it to the FDA [11][19] - In H2 2025, the first patient is expected to be enrolled in the registration-enabling study for pelareorep and paclitaxel in advanced or metastatic HR+/HER2- breast cancer [11][19] - Initial efficacy results from Cohort 5 of the GOBLET study are anticipated in H2 2025, investigating pelareorep combined with modified FOLFIRINOX in newly diagnosed metastatic pancreatic cancer [11][19]
aTyr Pharma Announces Fourth Positive DSMB Review for Efzofitimod in Phase 3 EFZO-FIT™ Study in Pulmonary Sarcoidosis
Globenewswire· 2025-03-06 21:02
Core Insights - The independent data and safety monitoring board (DSMB) has recommended the continuation of the Phase 3 EFZO-FIT™ study of efzofitimod without any modifications, indicating no safety concerns [1][2] - The study aims to position efzofitimod as a potential chronic maintenance therapy for pulmonary sarcoidosis, with topline results expected in Q3 2025 [2] Company Overview - aTyr Pharma, Inc. is a clinical stage biotechnology company focused on developing first-in-class medicines from its proprietary tRNA synthetase platform [1][4] - The lead therapeutic candidate, efzofitimod, is being investigated for its efficacy and safety in treating pulmonary sarcoidosis and other interstitial lung diseases (ILD) [3][4] Study Details - The EFZO-FIT™ study is a global Phase 3 randomized, double-blind, placebo-controlled trial involving 268 subjects, assessing the efficacy of efzofitimod administered intravenously at doses of 3.0 mg/kg or 5.0 mg/kg [2][3] - The primary endpoint is steroid reduction, while secondary endpoints include lung function and sarcoidosis symptoms [2]
Oragenics, Inc. Submits Investigator's Brochure for Phase II Clinical Trial of ONP-002 in Mild Traumatic Brain Injury (mTBI)
Newsfilter· 2025-03-06 14:30
Core Insights - Oragenics, Inc. has submitted its Investigator's Brochure (IB) application for the Phase II clinical trial of ONP-002, a novel intranasal neurosteroid aimed at treating mild traumatic brain injury (mTBI) [1][5] - The Phase II study will assess the feasibility, safety, tolerability, and pharmacokinetics of ONP-002 in mTBI patients, with a focus on cognitive and visual motor testing [2][6] Company Overview - Oragenics is a biotechnology company focused on developing nasal delivery systems for pharmaceutical treatments in neurology and infectious diseases, including therapies for mTBI and Niemann Pick Disease Type C [7] Clinical Trial Details - The Phase II trial is randomized, double-blind, and placebo-controlled, enrolling 40 participants, with 20 receiving ONP-002 and 20 receiving a placebo [6] - Participants will receive nine doses over five days, with the first dose administered within 12 hours of injury [6] Medical Context - Mild TBI, or concussion, is a common form of head trauma with no FDA-approved drug therapies currently available, indicating a significant unmet medical need [4]
Oragenics, Inc. Submits Investigator's Brochure for Phase II Clinical Trial of ONP-002 in Mild Traumatic Brain Injury (mTBI)
GlobeNewswire News Room· 2025-03-06 14:30
Core Viewpoint - Oragenics, Inc. has submitted its Investigator's Brochure for ONP-002, a novel intranasal neurosteroid, in preparation for a Phase II clinical trial aimed at treating mild traumatic brain injury (mTBI) [1][5] Group 1: Clinical Development - The submission of the Investigator's Brochure is a significant milestone in advancing the clinical program for ONP-002, bringing the company closer to initiating the clinical trial [5] - The Phase II trial will assess the feasibility, safety, tolerability, and pharmacokinetics of ONP-002 in adults with mTBI, enrolling 40 participants in a randomized, double-blind, placebo-controlled design [6] - Participants will receive a total of nine doses over five days, with the first dose administered within 12 hours of injury, and various cognitive and biomarker tests will be conducted to evaluate the drug's impact [6] Group 2: Product Background - ONP-002 has shown promising preclinical results, indicating its potential to reduce inflammation, oxidative stress, and brain swelling [2] - A prior Phase I study confirmed the safety and tolerability of ONP-002 at multiple intranasal doses in healthy adults [2] - The Investigator's Brochure includes comprehensive clinical and non-clinical data on ONP-002, serving as a critical foundation for the study [3] Group 3: Market Context - Mild TBI, or concussion, is a common form of head trauma with no FDA-approved drug therapies currently available, highlighting a significant unmet medical need [4] - The company is focused on delivering a therapeutic option for patients suffering from mTBI, with expectations of receiving regulatory approvals to initiate the trial soon [5]
Down -31.1% in 4 Weeks, Here's Why You Should You Buy the Dip in Relay Therapeutics (RLAY)
ZACKS· 2025-03-05 15:36
Core Viewpoint - Relay Therapeutics, Inc. (RLAY) has experienced a significant decline of 31.1% over the past four weeks, but it is now in oversold territory, suggesting a potential turnaround due to improved earnings expectations from Wall Street analysts [1]. Group 1: Stock Performance and Technical Indicators - RLAY's stock has been under heavy selling pressure, leading to an RSI reading of 26.89, indicating it is oversold [5]. - The Relative Strength Index (RSI) is a momentum oscillator that helps identify oversold conditions when the reading falls below 30 [2]. - Stocks oscillate between overbought and oversold states, and an oversold condition may present entry opportunities for investors anticipating a rebound [3]. Group 2: Earnings Estimates and Analyst Consensus - There is a strong consensus among sell-side analysts that RLAY will report better earnings than previously predicted, with a 14.1% increase in the consensus EPS estimate over the last 30 days [6]. - RLAY holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a strong potential for a near-term turnaround [7].
Silexion Therapeutics Reports Groundbreaking Positive Initial Data from Systemic Administration of SIL204 in Orthotopic Pancreatic Cancer Models
Globenewswire· 2025-03-05 13:30
Core Insights - Silexion Therapeutics announced positive data indicating that SIL204, when administered subcutaneously, effectively reduces both primary tumor growth and metastatic spread in orthotopic pancreatic cancer models [1][4] Group 1: Efficacy of SIL204 - SIL204 demonstrated significant efficacy in orthotopic xenograft models, which better mimic human disease progression compared to previous models [2][3] - In AsPC-1 models with KRAS G12D mutation, SIL204 achieved approximately 70% reduction in overall bioluminescence by day 28 compared to control [3] - In Panc-1 models, tumor cell numbers decreased significantly in a dose-dependent manner, with a 12% decrease in bioluminescence compared to baseline by day 14, while control increased by over 100% [3] - In BxPC-3 models, SIL204 resulted in around 80% reduction in overall bioluminescence by day 28 compared to control [3] Group 2: Metastasis Reduction - For the first time, SIL204 treatment showed a significant reduction in metastatic spread to secondary organs, lowering metastatic burden in the liver, intestine, spleen, and stomach [3][4] Group 3: Systemic Delivery Validation - Subcutaneous administration of SIL204 confirmed its effectiveness in treating pancreatic tumors and their metastases, validating systemic delivery as a viable route [4] - The company is exploring an expanded development plan for SIL204 based on these findings, with an updated strategy expected soon [4][5] Group 4: Company Overview - Silexion Therapeutics is focused on developing RNA interference therapies for KRAS-driven cancers, with SIL204 being a next-generation candidate targeting a broader range of KRAS mutations [5]
SCINAI IMMUNOTHERAPEUTICS ANNOUNCES $10 MILLION STANDBY EQUITY PURCHASE AGREEMENT
Prnewswire· 2025-03-05 12:30
Core Viewpoint - Scinai Immunotherapeutics Ltd. has entered into a Standby Equity Purchase Agreement (SEPA) with Yorkville Advisors, allowing the company to sell up to $10 million of its American Depository Shares (ADSs) over a three-year period to support its R&D and CDMO business expansion [1][2][5]. Group 1: SEPA Details - The SEPA allows Scinai to sell ADSs at a 3% discount to the lowest daily volume-weighted average price over three consecutive trading days following an advance notice [3]. - Scinai retains full control over the timing and amount of sales under the SEPA, with no obligation to utilize the full $10 million [4]. - The agreement includes a beneficial ownership cap of 9.99% of Scinai's share capital at any one time, along with other restrictions [2]. Group 2: Use of Proceeds - Proceeds from the potential offering of ADSs under the SEPA will be used to further develop NanoAbs programs, support the CDMO business, and for general corporate purposes including working capital and regulatory matters [5]. Group 3: Company Overview - Scinai Immunotherapeutics is focused on developing inflammation and immunology biological products and offers CDMO services through its Scinai Bioservices unit [1][7]. - The company has a pipeline of nanosized VHH antibodies (NanoAbs) targeting diseases with significant unmet medical needs [7].
Pluri Announces Exclusive Collaboration Agreement with Hemafund to Enhance Ukraine's Radiation Emergency Preparedness
Newsfilter· 2025-03-05 12:00
Core Viewpoint - Pluri Inc. has entered into an exclusive collaboration with Hemafund Ltd. to develop and distribute PLX-R18 cell therapy as a countermeasure against Hematopoietic Acute Radiation Syndrome (H-ARS) in Ukraine, in response to recent nuclear threats [1][3][5] Collaboration Agreement - The collaboration will last for an initial three years, with the possibility of a three-year extension, focusing on stockpiling and distribution of PLX-R18 [1][2] - Pluri will produce PLX-R18, while Hemafund will utilize its biostorage and logistics expertise to ensure compliance with local regulations [2][9] Strategic Goals - The collaboration aims to secure external funding to establish an initial capacity of 12,000 doses of PLX-R18, sufficient to treat 6,000 individuals [4][5] - Hemafund will manage the storage and logistics of PLX-R18, ensuring rapid deployment in emergencies [4][9] Financial Implications - If successful, the collaboration could generate over $100 million in value for both parties based on the estimated cost per dose and projected stockpile [5][8] Context and Urgency - The collaboration is a proactive response to recent escalations in nuclear threats, highlighting the urgent need for effective radiation countermeasures in Ukraine [3][10] Company Background - Hemafund specializes in the preservation of umbilical cord blood and operates advanced cryostorage facilities in Ukraine [11] - Pluri is focused on developing cell-based products and solutions across various sectors, including regenerative medicine and food technology [12]
Regeneron Pharmaceuticals, Inc. (REGN) TD Cowen 45th Annual Health Care Conference (Transcript)
Seeking Alpha· 2025-03-04 19:11
Group 1 - Regeneron Pharmaceuticals participated in the TD Cowen 45th Annual Health Care Conference, highlighting its ongoing engagement with investors and analysts [1] - Marion McCourt, Chief Commercial Officer, and Ryan Crowe, Senior Vice President of Investor Relations, represented the company during the conference [1] - The conference included a forward-looking statement disclaimer, indicating that remarks may involve risks and uncertainties that could affect actual results [3] Group 2 - The discussion began with a focus on the EYLEA franchise, with inquiries about its latest developments and key catalysts for growth in 2025 [4]
NKGen Biotech, Inc. to Transition from the Nasdaq Global Market to OTC Markets; Reverse Stock Split will not be Implemented
Globenewswire· 2025-03-04 18:00
Core Viewpoint - NKGen Biotech, Inc. has been notified of its delisting from the Nasdaq Global Market due to non-compliance with market value requirements, and will transition to trading on the OTC Markets starting March 5, 2025 [1][6] Company Developments - The company will not proceed with a previously announced 1-for-6 reverse stock split following the move away from Nasdaq [2] - NKGen has faced significant challenges related to the financial restructuring of its former parent company, NKMAX, Co. Ltd., but maintains confidence in its scientific approach to treating neurodegenerative diseases [3] - The company has received U.S. FDA Fast Track designation for its innovative NK cell therapies and has presented promising data at major Alzheimer's conferences [3] - NKGen aims to complete enrollment in its Phase 2a Alzheimer's clinical trial by the end of Q2 2025, with preliminary results expected later in the year [6] Trading Information - NKGen's common stock and warrants will trade on the OTCQX platform under the ticker symbols "NKGN" and "NKGNW" respectively [1][6] - The company has regained compliance with SEC public reporting obligations as of March 4, 2025, and intends to maintain these obligations during its transition [6]